Ecuador: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Ecuador

The Ecuadorian broom, brush, and mop market shrank to $X in 2022, which is down by -10.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Broom, brush, and mop consumption peaked at $X in 2021, and then dropped in the following year.

Exports of Brooms, Brushes, And Mops

Exports from Ecuador

Broom, brush, and mop exports from Ecuador declined modestly to X units in 2022, approximately mirroring the previous year's figure. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, broom, brush, and mop exports totaled $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Colombia (X units) and Panama (X units) were the main destinations of broom, brush, and mop exports from Ecuador, together accounting for 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of -8.0%), while the other leaders experienced a decline.

In value terms, the largest markets for broom, brush, and mop exported from Ecuador were Colombia ($X), Peru ($X) and the United States ($X), with a combined 85% share of total exports.

Peru, with a CAGR of -5.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broom, brush, and mop export price decreased by -17.3% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 30%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Ecuador

In 2022, the amount of brooms, brushes, and mops imported into Ecuador declined to X units, with a decrease of -7% on 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 47%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, broom, brush, and mop imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest broom, brush, and mop supplier to Ecuador, accounting for a 64% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. Colombia (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+24.4% per year) and Colombia (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Ecuador, comprising 50% of total imports. The second position in the ranking was taken by Colombia ($X), with a 12% share of total imports. It was followed by Vietnam, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-4.7% per year) and Vietnam (+25.2% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, with a decrease of -4.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 11% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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